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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: BONGIZMO who wrote (5006)	7/8/1998 7:08:00 PM
From: MOGUL	Respond to of 43774

Well put BONGIZMO...

To: BONGIZMO who wrote (5006)	7/8/1998 10:32:00 PM
From: Style Writer	Respond to of 43774

Fantastic press release....and now for some math.... 800 Belize contracts in hand at $33,000 each is more than $25,000,000. A 5% origination fee is $1,250,000 up front and then there is an ongoing 2% fee or $500,000 per year. Then there are 5200 more in Belize for $171,000,000 yet to go ($8,555,000 origination fee and another $3.5 million on going income. That's ongoing income from Belize of $4 million and a one time finders fees of about $8.8 million divided over next two years works out to about $8 million per year next two years and $4 million thereafter. Costa Rica is for 20,000 homes -- 3 times the Belize numbers...though not a done deal, but looking good. But assuming it becomes a done deal, that would add another $24,000,000 in one time 5% fees and $12,000,000 in annual 2% fees. If you add the two together it's about $16,000,000 per year in 2% ongoing fees and probably another $8,000,000 a year in 5% fees for the next three years...$24,000,000 per year in fees and this company is only about 8 weeks old. This works out to income of about .04 per share using 540,000,000 shares. Then add interactive video phone sales, the on line brokerage/trading business, the US domestic mortgage business and the rest of Latin American opportunities and I'll let you guess the numbers. AND this is not to mention rumored acquisitions of a federal thrift, an insurance company and a publicly traded rehab company. NOW.....just using the numbers in hand of the Belize and Costa Rica business announced in the recent press release -- and nothing else -- PRWT has an almost guaranteed $0.04 per share with that. Say we value the company at 4 or 5 times earnings....hmmmm.... 4x$0.04 to 5x$0.05 is something in the range of $.16 to $.20 per share. Again, this is without any of the other items in PanAmerican BanCorp all of which look like moneymakers. Reaching slightly on the limb, it seems reasonable to value the company RIGHT NOW higher given all else in the works -- say $.30 a share? $.40? Who knows, but certainly higher than only taking into account Belize and Costa Rica at $.16-$.20. For a stock trading at $0.05. Most people don't know what we have here.